Melvin Capital lost 57% of its capital due to its short position in GameStop, which skyrocketed during the “meme rally” of January 2021. The SEC is investigating Melvin Capital for allegedly ...

A founding partner of Melvin Capital Management is preparing to launch a stock-picking hedge fund more than two years after Gabe Plotkin’s firm shuttered under the weight of wrong-way short bets.

Melvin Capital's Gabe Plotkin, the most notable loser of the January 2021 GameStop short squeeze, has bought an NBA franchise and will be portrayed in an upcoming film. Gabe Plotkin, the fund ...

The deal closed in late November and was recorded last week. Plotkin founded New York-based Melvin Capital in 2014 with $925 million in seed money, according to a source. The fund now manages $13 ...

It's another bloody January for some of Wall Street's top hedge funds. Amid a market sell-off that has torched growth stocks that soared during the pandemic, Melvin Capital is once again staring ...